Term
Term 5 Renewable & Convertible
Original line of business: Commercial Union
Updated on: Dec 12, 2018
On this page
The CU Term 5 Renewable & Convertible Plan is a term plan that renews every 5 years and is convertible until age 65. These plans will expire at age 70.
Product administration guide: N/A
Sample contract: N/A
Dividend options: N/A
Bonus: N/A
Dividend options
N/A
Bonus
N/A
Premium paying period
Premiums renew automatically every 5 years
Policy fees
N/A
Deposit load
N/A
Non forfeiture option: N/A
Loans: N/A
Withdrawals: N/A
Non-forfeiture option
N/A
Loans
N/A
Withdrawals
N/A
Cash value
No cash values
Reduced paid up
N/A
Premium offset/holiday: N/A
Premium offset/holiday
N/A
Death benefit
Basic coverage only
Reinstatement period
N/A
Convertible
Convertible to a permanent plan at the policy anniversary nearest the insured's 65th birthday